1 Green Flag for Apple in 2023, and 1 Red Flag
(NASDAQ: AAPL) hasn't had the easiest 2023, with its stock falling 12% since the start of August. Three consecutive quarters of revenue declines have concerned investors as the company continues to fight against macroeconomic headwinds.
Businesses across tech are dealing with similar challenges, with U.S. smartphone shipments decreasing by 24% year over year in the second quarter of 2023 and global PC shipments tumbling 13%.
However, Apple has a long history of offering investors consistent gains, making its recent stock dip a potential buying opportunity. The company's dominance in tech could help its shares soar once market challenges subside. As a result, now is an excellent time to learn more about this tech giant and consider a long-term investment in the stock.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 106 Buy predictions and 8 Sell predictions.
As a result the target price of 209 € shows a slightly positive potential of 3.64% compared to the current price of 201.65 € for Apple Inc..
